Your choice of business structure can have a profound impact on financial, taxation and liability issues. The principal categories of business structures include: Sole proprietorship - A sole proprietorship foregoes a lot of the paperwork and expense involved in more...
Month: September 2019
Potential Benefits of Choosing to Be Taxed as an S-Corp
On Behalf of Blazier, Christensen, Browder & Virr, P.C. | Sep 6, 2019 | Tax Law
S-Corporations, under the right circumstances, can offer significant tax savings to a business entity. An eligible domestic business entity - usually a corporation or limited liability company - elects to be taxed under the S Chapter of the Internal Revenue Code by...
Reasonable Compensation, Part 1: A Potential Pitfall for S-Corp Owners
On Behalf of Blazier, Christensen, Browder & Virr, P.C. | Sep 6, 2019 | Tax Law
If you're considering forming an S-Corp (with the aid of a skilled tax lawyer at our firm), you may be motivated by the idea of avoiding self-employment taxes. This is certainly an attractive feature of S-Corp business formation - but it's not without its potential...
Setting up a Texas medical practice? A PLLC might be the way to go
On Behalf of Blazier, Christensen, Browder & Virr, P.C. | Sep 6, 2019 | Tax Law
Medicine is a profession, but in order to practice medicine, one must take into account business considerations. One of the most important such considerations is how your practice will be legally organized. For many of those wishing to set up a medical practice, a...
Texas Supreme Court Clarifies Age Discrimination Law
On Behalf of Blazier, Christensen, Browder & Virr, P.C. | Sep 6, 2019 | Tax Law
A south Texas school district secretary attempted to file an age discrimination claim earlier this summer, claiming that she was fired due to her age. However, the replacement employee was actually older by four years than the secretary herself. The secretary was...
The Legal Side of Business Acquisitions
On Behalf of Blazier, Christensen, Browder & Virr, P.C. | Sep 6, 2019 | Business Law
Business acquisitions can be complex transactions. Whether you're buying a business or selling a business, it pays to have an experienced business attorney on your side. Here are some basic considerations we can help you with. Buying a Business Business purchases may...
The Ties That Bind for Businesses: The Wide World of Business Contracts
On Behalf of Blazier, Christensen, Browder & Virr, P.C. | Sep 6, 2019 | Business Law
Even the smallest enterprises can benefit from clear, detailed business contracts that spell out each party's rights, expectations, and obligations. But you might be surprised by how many different contracts you need to create and share. Let's take a quick tour of...
Universal Recycling Ordinance: Impact on Food Service Providers
On Behalf of Blazier, Christensen, Browder & Virr, P.C. | Sep 6, 2019 | Firm News
The Universal Recycling Ordinance ("URO") is not new. In fact, it was approved by the Austin City Council in 2010 and amended in 2013. Their stated goal is to increase the life of local landfills, reduce harmful environmental impacts and boost economic development. To...
What Do I Need to Know About Starting a Business? Part One: The Basics
On Behalf of Blazier, Christensen, Browder & Virr, P.C. | Sep 6, 2019 | Business Law
Starting a business can be a tremendous thrill for the born entrepreneur - but it also presents some potential pitfalls that require new business owners to look before they leap. Here are some basic questions you'll want to consider as you're preparing this major...